Summary as passed:(all summaries)Investment of Public Funds Act; corporate notes. Allows state agencies or
institutions of the Commonwealth having an internal or external public funds manager
with professional investment management capabilities to invest in corporate notes with
a duration of more than five years. The corporate notes are still required to
have a rating of at least A by two rating agencies, one of which shall be
either Moody's Investors Service, Inc., or Standard and Poors, Inc.